Charles Schwab Investment Management Inc. Raises Position in Vivid Seats Inc. (NASDAQ:SEAT)

Charles Schwab Investment Management Inc. grew its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 35.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 735,894 shares of the company's stock after purchasing an additional 194,561 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.35% of Vivid Seats worth $2,723,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SEAT. Price T Rowe Associates Inc. MD bought a new position in shares of Vivid Seats in the first quarter worth $128,000. California State Teachers Retirement System boosted its stake in Vivid Seats by 19.8% in the 1st quarter. California State Teachers Retirement System now owns 67,612 shares of the company's stock worth $405,000 after purchasing an additional 11,188 shares during the period. Bank of New York Mellon Corp grew its holdings in Vivid Seats by 13.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 327,175 shares of the company's stock valued at $1,881,000 after buying an additional 37,671 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Vivid Seats during the second quarter valued at about $61,000. Finally, Rhumbline Advisers lifted its holdings in shares of Vivid Seats by 9.3% in the second quarter. Rhumbline Advisers now owns 93,197 shares of the company's stock worth $536,000 after buying an additional 7,961 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company's stock.

Vivid Seats Price Performance

Shares of SEAT traded up $0.02 during midday trading on Monday, reaching $3.51. The stock had a trading volume of 1,215,022 shares, compared to its average volume of 1,396,406. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $729.18 million, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 16.30 and a beta of 1.11. The company's 50-day moving average is $3.73 and its 200 day moving average is $4.36. Vivid Seats Inc. has a 12-month low of $3.24 and a 12-month high of $6.62.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SEAT shares. DA Davidson reduced their price objective on shares of Vivid Seats from $6.50 to $6.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. Craig Hallum reduced their price target on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Benchmark decreased their price target on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Maxim Group dropped their price objective on Vivid Seats from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Finally, Citigroup reduced their target price on Vivid Seats from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.67.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.